Question: Instructions: Please complete the problems below and show all work, please. 10. Ryker Company produces a product that requires 4 standard direct labor hours per

Instructions: Please complete the problems below and show all work, please.

10. Ryker Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $28.00 per hour. If 4,000 units required 16,750 direct labor hours at an hourly rate of $28.40 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance?

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